London-based fintech Revolut has submitted a new application for a US national bank charter, restarting its push to expand across North America. The company said it filed with the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation to establish Revolut Bank US, N.A.
Revolut also appointed Cetin Duransoy as its new US CEO. Duransoy, a fintech executive with more than 20 years of experience in banking, payments and technology, formerly led US operations at fintech marketplace Raisin. He succeeds Sid Jajodia, who will stay at Revolut as global chief banking officer.
Founder and CEO Nik Storonsky described the United States as a central element of Revolut’s growth plans and framed the charter filing as an important step toward creating a truly global banking platform.
If granted, a national charter would allow Revolut to operate under a unified federal regulatory framework across all 50 states. That status would give the company direct access to payment rails such as Fedwire and ACH, permit it to offer FDIC-insured deposits, and pave the way to scale into consumer lending and credit-card products.
Revolut previously sought a US banking license in 2021 through California regulators; that attempt stalled and the company withdrew the application in 2023 amid regulatory obstacles and concerns about internal controls. Revolut says it serves more than 70 million customers in around 40 markets and completed a secondary share sale in November 2025 that valued the business at about $75 billion.
The new filing also reflects a strategic shift away from earlier plans to acquire a US bank, as Revolut pursues organic expansion within the country.
Revolut’s move follows a wider trend of fintechs and crypto firms seeking OCC approval for national bank charters. In recent months, Nubank received conditional approval, Crypto.com secured a similar nod, and in December 2025 the OCC gave conditional approvals to several digital-asset and custody-focused applicants including Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos.
This report aims to summarize Revolut’s latest regulatory and leadership developments. Readers are encouraged to verify details independently and follow regulatory disclosures for formal confirmation.